Easy Ways to Live a Frugal LifeYes! I do believe in frugal living. I think it does not matter whether you earn more or less, but keep an economical approach towards our expenses helps us in reducing financial stress. Definitely, living a frugal life requires certain lifestyle changes and a conscious awareness about how we are spending and saving money? My idea of thrifty living comprises basic three principles: Smart shopping, use appropriately to waste less and save in advance.